Nature and Significance of Management — Business Studies STD 12 Commerce — Question

What is the main aim of product concept of marketing?

Consumers might be exploited by unscrupulous, exploitative and unfair trade practices. Give few examples of such practices adopted by sellers.

At which level of management the managers are responsible for the welfare and survival of the organisation?

Which principle suggests that the interests of an organisation should take priority over the interests of any one individual employee?

Give anyone limitation of internal source of recruitment.

What is meant by ‘Responsibility to’?

What is formal organisation?

Mention any change initiated by the Government of India since 1991.

What is meant by controlling?

Suggest two ways to improve effectiveness of communication.